Alternative Energy breakout looks important

$SPX managed to extend gains sharply following FOMC’s 75bp hike Wednesday, though there seems to be confusion everywhere as to whether the hike was dovish or hawkish.  Technically speaking, this kind of uncertainty is precisely what can lead Equities higher at a time when most market participants remain on the sidelines.  Near-term, this won’t be a straight line to 4200, but I do suspect that technical resistance might resurface as August gets...

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